Amazon Web Services Takes Aim at Big Banks @FoxBusiness
http://www.foxbusiness.com/markets/2016/02/23/amazon-web-services-takes-aim-at-big-banks.html
Oil Drops on Doubts of Output Cap’s Effect @FoxBusiness
http://www.foxbusiness.com/markets/2016/02/23/oil-prices-slip-on-doubts-potential-output-cap-will-erode-glut.html
Fmr. NYPD Commish Kelly Says Leave FBI, Apple Scuffle to Congress @FoxBusiness
http://www.foxbusiness.com/features/2016/02/23/fmr-nypd-commish-kelly-says-leave-fbi-apple-scuffle-to-congress.html
Exclusive: Honda CEO to shift gears, distance sales teams from car design process – sources
http://www.reuters.com/article/us-autos-honda-idUSKCN0VW26I
U.S. housing strong; weak consumer confidence clouds outlook
http://www.reuters.com/article/us-usa-economy-housing-idUSKCN0VW1OI
Required Reading Of The Day
Greece rages at neighbours as fears migrants could be halted Syrian govt. accepts halt to ‘combat operations’ in line with U.S.-Russian plan Wall Street falls more than 1 percent as crude extends losses Michigan Senate approves $30 million to help pay Flint water bills Plastic in Snickers bar prompts Mars recall in 55 countries
The Closing Look
Stocks fell on Tuesday after the major indices rallied right into their declining 50 day moving average lines on Monday. This is a logical area of resistance and as we have mentioned a logical area for the market to encounter some trouble. Oil prices fell hard on Tuesday after Saudi Arabia said they do not…
Investor’s Edge: 02/23/2016
Investor's Edge: 02/23/2016Listen to today’s show by clicking here.
Apple Continues Acting Poorly $AAPL
We continue to notice that Apple is showing no relative strength when the market rallied as it trades below it’s declining 50 DMA line. Apple’s estimates are for a 10% sales drop and a 16% earnings drop, their worst quarter in ages. Even with the usual sandbag, these numbers speak for themselves. No Position